If you do not have a Last Will and Testament you are facing intestacy and the estate settlement process determined by law. When an estate has no valid Will or other testamentary instructions the law will pick the executor, heirs and guardian.
The law will also determine who will have custody of your minor children. If you want to name a specific guardian or heir to your estate, it is important to put it in writing in a Will.
Creating an estate plan is only the first step. You must also keep your plan updated. Your estate planning attorney can help you add new beneficiaries, change the various assets passing to particular beneficiaries or remove them when necessary. Your estate planning attorney will also be able to help you keep your Will current with estate laws.
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